Navajo Indian Bear
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Recent reports on NWTT, GVA, and IDSA
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NW Tech Capital Inc., (PINK SHEETS:NWTT) is pleased to disclose the Canadian merger candidate, Bermal Contracting Ltd.. Bermal Contracting Inc. excavates high quality ledge stone, used for landscaping. Among developers NWTTs products are often used for rock walls, fireplaces, ponds, patios, house exteriors, fire pits, flower beds, stairs and walkways all made from a unique stone found in a BC quarry.
NWTT management currently works on raising the company value back for its shareholders and seeks viable candidates to merge into NWTT. The company management has been seeking viable businesses to vend in, in North America, Asia and Europe. The company is determined to reenter the public markets as a viable and respectable business.
Granite Construction Incorporated (NYSE:GVA) recently reported that Granite Construction Company has been awarded a $29 million roadway pavement rehabilitation and reconstruction contract by the United States Department of the Interior Bureau of Indian Affairs. The project is located on the Navajo Nation reservation in New Mexico and funded by the American Recovery and Reinvestment Act. Granite will book the project into backlog during the third quarter of 2010. Scope of the work includes pavement rehabilitation of approximately 62 miles of rural highway. The project will be divided into six sections spread out over 100 miles in San Juan and McKinley Counties. Work is estimated to begin August 2010 and will take approximately 11 months to complete.
GVA is a member of the S&P 400 Midcap Index, the FTSE KLD 400 Social Index and the Russell 2000 Index. Granite Construction Company, a wholly owned subsidiary, is one of the nation's largest diversified heavy civil contractors and construction materials producers. Granite Construction Company serves public- and private-sector clients through its offices and subsidiaries nationwide.
Industrial Services of America, Inc. (NASDAQ:IDSA), a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities for domestic users and export markets and offers programs and equipment to help businesses manage wastes announced that it has secured a new credit facility with Fifth Third Bank in the amount of $48.8 million with a three-year term. The company will use the new credit facility to refinance existing indebtedness for working capital and increase its borrowing capacity by $20 million. Borrowings under the new credit facility will bear interest at a LIBOR-based rate per annum, plus an applicable percentage of 2.5 percent.
IDSA is a publicly traded company whose core business is buying, processing and marketing scrap metals and recyclable materials for domestic users and export markets. Additionally, ISA offers commercial, industrial and business customers a variety of programs and equipment to efficiently manage waste.
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